6161 Grand Ave Gurnee, IL 60031

Property Details for 6161 Grand Ave

Year built

1969

Property size

151,598 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents the chance to acquire and revitalize the Holiday Inn Chicago North, a 210-room hotel ideally situated in Gurnee, Illinois. Boasting a prime location just five minutes from the renowned Six Flags Great America theme park and a convenient 30-minute drive from O'Hare International Airport, this property enjoys unparalleled access to a large and diverse customer base. The hotel itself encompasses a substantial 151,598 square feet and features extensive public areas designed to cater to a wide range of guests and events. These amenities include a full-service restaurant, providing a convenient dining option for guests and locals alike. Furthermore, the property boasts an impressive 10,000 square feet of flexible meeting space, perfectly suited for conferences, corporate events, and social gatherings. An indoor swimming pool adds to the hotel's appeal, offering guests a relaxing and enjoyable amenity. The strong performance of this hotel is further supported by the robust local economy, fueled by the proximity to major attractions and significant employers such as Abbott and Ohio Medical. This presents a unique opportunity for an investor seeking a high-potential property in a thriving market. The asking price for this substantial property is $9,950,000. The property sits on a 0-acre lot. This is a rare chance to acquire a well-established hotel with significant upside potential in a highly desirable location.